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GEA sells compressor manufacturer Bock to NORD Holding

22 Sep 2020

As part of its continued focus on strategic core markets – the food, beverages and pharmaceutical industries – Düsseldorf-based technology group GEA is selling the compressor manufacturer Bock, which is in GEA’s Refrigeration Technologies division, to NORD Holding. The purchase agreement was signed yesterday. The parties have agreed not to disclose the financial details of the transaction. The transaction remains subject to regulatory clearance. Closing of the transaction is expected in early 2021.

Bock Frickenhausen

“We are pleased to have found a new owner for Bock in NORD Holding. It is our firm conviction that NORD Holding will develop Bock’s business potential as a producer of commercial compressors mainly for use in stationary and transport-related cooling applications in the best possible way. In GEA’s Refrigeration Technologies division, we will concentrate in the future on our industrial compressors business. Our portfolio here includes customized solutions for the optimum use of waste heat, enabling our customers to operate their production facilities ever more sustainably or even become carbon neutral,” commented Stefan Klebert, CEO of GEA Group Aktiengesellschaft.

Bock has a strong market position, is excellently positioned with its products and is commercially successful. Since becoming part of the GEA Group, the business has developed very positively. Bock is a leading manufacturer of open and semi-hermetic piston compressors in the lower and medium refrigeration capacity range. The company employs some 340 people worldwide and generated sales of almost EUR 90 million in the 2019 fiscal year. Two-thirds of the employees work at GEA Bock’s headquarters in Frickenhausen, Germany. There are three additional locations in the Czech Republic, India and China.

Media Relations

GEA Group Aktiengesellschaft

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Germany

+49 211 9136-0

Informazioni su GEA

GEA è fra i principali fornitori dell'industria di processo alimentare e di una vasta gamma di altri settori. Nel 2019 ha realizzato un fatturato consolidato di circa 4,9 miliardi di euro.

Il Gruppo tecnologico internazionale è specializzato in macchinari, impianti, tecnologia di processo e componenti. GEA offre soluzioni energetiche sostenibili per processi di produzione all'avanguardia in diversi ambiti applicativi e un portafoglio completo di servizi. Circa il 70% del fatturato viene realizzato nel settore alimentare e delle bevande che vanta una crescita sostenibile a lungo termine. Al 31 dicembre 2018, l'organico della Società ammontava a circa 18.500 dipendenti in tutto il mondo. GEA è leader tecnologico e di mercato nelle proprie aree di business. La società è quotata nell’indice di borsa tedesco MDAX (G1A, WKN 660 200), nell’indice STOXX® Europe 600 e nei più importanti indici MSCI Global Sustainability.
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